International Financial Reporting Standards (IFRS) (Convertion to IFRS/GAAP)

Synergy IFRS group can assist your conversion to IFRS by providing the appropriate resources, knowledge and practical support in the following areas:

Accounting and Reporting

• Development of new IFRS accounting policies and procedures
• Gap analysis between information required and currently available
• Consideration of impact on statutory reporting and tax accounting

Systems and processes

• Identification of changes required to source systems
• Understanding the impact on other strategic initiatives in your company
• Understanding steps to support parallel reporting

Business

• Understanding the financial and business impacts of IFRS conversion
• Determination of possible actions to mitigate the volatility of results under IFRS